Panelists discuss the challenges facing buy-side firms hamstrung by outdated and obsolete systems and applications, and the business, operational and compliance benefits accruing to them once they are weaned off such technologies.
It is more important than ever for asset management firms to operate as robustly and efficiently as possible, due to increased industry competition, regulatory changes, and lower operating margins currently prevalent across the buy side. However, given the history of large numbers of buy-side firms from technology and operational perspectives, many continue to struggle in the challenging operating environment due to their outdated technology stacks, implemented over the years in a piecemeal, siloed fashion, rendering them largely incapable of adapting to and exploiting new business opportunities, while also exposing them to a wide range of regulatory and operational risks. While the latest technologies can never be considered a panacea to all the industry's ills, relying on outdated and largely obsolete systems almost certainly guarantees sub-optimal performance.
• Mario Coulombe, senior advisor, Desjardins (Montreal)
• Craig Mockford, chief operating officer, Prescient (Cape Town)
• Michael Maltby, head of market strategy, Eagle Investment Systems
• Victor Anderson, editor-in-chief, Waters and WatersTechnology
This webcasts address the following issues:
• The extent to which buy-side firms are operating with sub-optimal, outdated technology stacks.
• On a day-to-day, practical level, what might these ‘outdated' and ‘sub-optimal' technology stacks mean to technology teams?
• The extent to which this scenario impinges buy-side firms' abilities to operate robustly and efficiently, while also complying with the latest regulatory mandates.
• The asset management-focused business processes most affected by sub-optimal and legacy technologies i.e. data management, regulatory compliance, decision support, performance and attribution, and reporting.
• How buy-side firms go about identifying areas of their technology estate ripe for replacing.
• How buy-side firms go about making the business case for replacing legacy technologies.
• The business and operational benefits accruing to buy-side firms able to update or replace legacy technologies.
• The aspects of replacing legacy systems that buy-side firms tend to underestimate in terms of their cost, complexity, and the time it takes to make such changes.
The founder and CEO of Imperative Execution looks at how trade execution is changing and what that means for the buy side.Subscribe to Weekly Wrap emails